Crunchbase News recently profiled a selection of U.S. companies’ largest VC raised in 2018, and no surprise here: the 10 largest rounds all topped out well north of $100 million.
A major driver of global venture dollar growth is the relatively recent phenomenon of companies raising $100 million or more in a single venture round. We’ve called these nine and 10-figure deals, which shine brightly in the media and are hefty enough to bend the curve of VC fund sizes upwards, “supergiants” after their stellar counterparts.
And like stars, venture-backed companies tend to originate and co-exist in clusters, while the physical space between these groups is largely empty.
We noticed that many of the companies behind these supergiant rounds are headquartered in just a few metro areas around the United States. In this case, it’s mostly just the SF Bay Area, plus others scattered between Boston, Los Angeles, San Diego and one (Magic Leap) in the unfortunately named Plantation, Florida.
The San Francisco Bay Area is perhaps one of the best-known tech and startup hubs in the world. Places like Boston, NYC and Los Angeles, among others, are perhaps just as well-known. But how do these cities stack up as clusters for companies raising supergiant rounds?
That question got us wondering how these locales rank against other major metropolitan areas throughout the world. In the chart below, we’ve plotted the count of supergiant venture rounds1 topping out at $100 million or more through November 5. These numbers are based off of reported data in Crunchbase, exclude private equity rounds and do not account for deals that may have already been closed but haven’t been publicly announced yet.
Although U.S.-based companies have raised more supergiant rounds (168 year to date) than their Chinese counterparts (160 year to date), Chinese companies raise much bigger rounds, even at this supergiant size class.
How much more? U.S. companies have raised $38.4 billion, year to date, in nine and 10-figure venture rounds alone. Chinese companies have raised $69 billion across their 160 supergiant deals, which includes the largest-ever VC deal: a $14 billion Series C round raised by Ant Financial.
2018 in perspective
2018 is already a record year for venture funding worldwide. With more than $275 billion in projected total venture dollar volume so far, 2018’s year-to-date numbers have already eclipsed 2017’s full-year figures (a projected $220 billion, roughly) by more than $55 billion.2
And there’s still about eight weeks left to go before it’s New Year’s Eve.
- We use the same classification rules for what is and is not a “venture” round as we’ve used in our quarterly reports. Check out the methodology section of our most recent global VC report, from Q3 2018, to learn more about how Crunchbase News categorizes rounds.
- We’re referring to the same type of projected data we use in the quarterly reports. Check out the methodology section of our most recent global VC report, from Q3 2018, to learn more about how Crunchbase News uses projected and reported data.
Today’s Wordle Answer #594 – February 3, 2023 Solution And Hints
If the answer is still a mystery, the word is “tasty.” Apart from describing food as having agreeable flavor, you could say something or someone is tasty if they’re elegant or tasteful. The word is a diminutive of the root noun “taste,” which is from Old French “tast,” which is the term for the sense of touch (now Modern French tât).
In the original context of its usage around the 1400s, “taste” meant a share or a small portion; or the sense by which the flavor of a thing is discerned; and savor or flavor. But by the late 1600s, it had also taken on the sense of “aesthetic judgment,” or “the ability to recognize and appreciate excellence” (via Etymonline). There are more variations of its usage, however, especially in idioms. For example, if you have a taste for something, it means you have a strong preference or desire for it, and if something’s so bad you can taste it, it means that thing is extremely unpleasant (via The Free Dictionary).
This is all based on the fact that the sense of taste is quite adept at perception and discrimination of refinement or finesse. This is the sense on which phrases like “have a good eye/nose” are also based. On average, the human tongue has 2,000–8,000 taste buds, with hundreds of thousands of receptor cells. To keep the sense of taste as keen as possible, each taste bud gets replaced about every two weeks (via Britannica).
We hope you finish your puzzle before you run out of guesses, and if you have a taste for puzzles, here are more like Wordle to keep you busy.
A New Cybertruck Spotting Just Revealed Two Big Design Changes
The first clear change to the Cybertruck has to do with the rearview mirrors. As Electrek correctly notes, the Cybertruck was originally meant to lack side mirrors, favoring the more futuristic solution of body-mounted cameras. Assuming the particular prototype that was spotted on the road in Palo Alto represents recent changes, that’s at least one concession to reality from the aggressively conceptual Tesla truck.
The second, arguably more significant change is to the truck bed. Prior to this sighting, the Cybertruck had yet to be shown with a working, retractable tonneau cover. User Flavio Tronz on Instagram seems to have caught the Cybertruck with the cover half-retracted, suggesting that particular challenge has also been conquered.
In short, the Cybertruck seems to be getting the tweaks and flourishes to be expected for a car that is expected to enter full-scale production soon. The implementation of simple, proven solutions, like side mirrors, suggests that Tesla is getting real about putting their vision of the future on actual roads.
Is It Safe To Charge Your iPhone With Macbook Charger?
According to Apple, if you own a Mac laptop or an iPad and have immediate access to the USB power adapter that came with it, you can certainly use it to charge your iPhone without the worry of potentially damaging your mobile device’s battery. It can also be used to charge other Apple products like a pair of AirPods or the Apple Watch. The following Apple USB power adapters are some of the options that can be used to charge your iPhone, provided that you have a USB-to-lightning cable:
- 5W USB power adapter that came with iPhones that preceded the iPhone 11
- 10W US power adapter that was included with every iPad Air and iPad Air 2, iPad 2, and iPad mini 2,3, and 4
- 12W USB power adapter that was packaged with several versions of the iPad Pro
If you have a Mac USB-C power adapter or other third-party adapters that fulfill Apple’s safety standards, they can be used to charge your iPhone as well. Certain USB-C power adapters, when used in tandem with Apple’s USB-to-lightning cable, have the ability to fast-charge an iPhone 8 and later iterations up to 50% battery in about half an hour (via Apple). This includes the 29W USB-C power adapter that accompanied older MacBook models that were released in 2015 onwards as well as the 30W, 35W, 61W, 67W, 87W, 96W, and 140W USB-C power adapters that came with certain versions of the MacBook Air and MacBook Pro. If you own a MacBook laptop and have its Apple-brand power adapter, you should be able to see its wattage printed right on the device itself and determine if it can be used to charge your iPhone.
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